Solana Price Forecast: SOL could rally in double-digits for this reason

Solana (SOL) has been in an upward trend since October 2023.

Solana price today: $144.10 Solana gains nearly 4% on Friday, the Ethereum-alternative token trades at $144.10. In the past week, Solana gained 5.42%, according to data from TradingView. SOL could extend gains by 13% to hit August 8 high of $163.70. Solana has been in an upward trend since October 2023. The native token of the Solana blockchain has gained consistently, riding on the meme coin ecosystem’s growth in SOL.

6% and rally toward $163.70, facing resistance at the September 30 low of $151.73. The Relative Strength Index reads 50.38, hovering around the neutral level. SOL/USDT daily chart A daily candlestick close under October 10 low of $135.52 could invalidate the bullish thesis for Solana. SOL could sweep liquidity at the 200-day Exponential Moving Average at $140.67.

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